✅ We started the week with the bulls failing to reach the Bitcoin price of $64k and then recovering all week after the correction to $59k, during which time meme coins started outperforming the whole market 📈

Weekly news digest:

💎 Crypto

🔸 Peter Todd is named Satoshi Nakamoto in the new HBO documentary, he denies it's him

🔸 The ECB has challenged the idea that stablecoins are a “safe haven” for investors in times of market turmoil

🔸 DOJ charged Gotbit, CLS Global, MyTrade, and ZM Quant with manipulating various crypto markets 

🔸 Uniswap DEX announced their own L2 Ethereum rollup, Unichain

 

🔸 The government of Palau has launched Palau Invest, a “blockchain-based savings bonds prototype system

🏦 Crypto exchanges

🔸 Crypto. com said it sued the U.S. SEC after the regulator sent them a Wells Notice

 

🔸 Bitget announced that it will update the listing standards, including evaluating ethical risks

🔸 Binance has announced the launch of a pre-market trading platform

 

💵 Finances and Economy

🔸 Canary Capital files for spot XRP ETF

🔸 Fidelity confirms 77,000+ customer records were hacked

🔸 Investors and analysts expect China to unleash as much as $283 billion in fresh fiscal stimulus

🔸 The U.S. Supreme Court declined to hear a case concerning the ownership of Bitcoin seized from the Silk Road

⚖️ Law and Order

🔸 SEC Commissioner admits their approach to crypto has been "a disaster for the whole industry"

 

🔸 FBI launched NexFundAI token as bait to bait crypto market manipulators

🔸 The FSC of South Korea has announced that it will investigate the market monopoly structure of Upbit

  

🔸 Binance executive Tigran Gambaryan has been denied bail 

 

🔸 SEC sues Cumberland DRW for unregistered crypto dealer activities

 🗣 Personalities

🔸 Elon Musk has revealed Cybercab robotaxi

🔸 Vitalik Buterin nominated for Nobel Prize in Economics

 

🔸 Justin Sun is elected Prime Minister of Liberland micronation

🚀 Best performers of the week:

SPX6900 - $0.8636 (↑177.8%)

Neiro - $0.0021 (↑80.7%)

WBT - $15.31 (↑33.3%)